Indian Finance Minister Nirmala Sitharaman has recently announced in the Union Budget that the government proposes to create a social stock exchange (SSE). This social stock exchange will support social enterprises and voluntary organizations so that they attempt to raise capital.
Gajendra Singh Shekhawat, Union Cabinet Minister in Ministry of Jal Shakti, has proposed a detailed road map to support strategic and long-term planning for the next five years.
The proposal has received a positive response among the social enterprise sector in India, where local social enterprises can have better visibility and grow capital.
Indulekha Aravind, editor of The Economic Times, broadly explains that a social stock exchange is a platform that enables "investors to buy shares in a social enterprise that has been vetted by the exchange."
SSEs exist in different countries in various forms. Aravind lays out a few global models.
They include:
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.